Averages remain solidly in positive ground The averages remain higher as they have been since the open, with each up about 0.4%. Advancing stocks are ahead of declining stocks by 5:4 on both the NYSE and Nasdaq. Up volume is ahead of down volume by 3:2 on the NYSE and by about 5:2 on the Nasdaq. Crude oil prices are higher while gold is lower by 0.7%. The Dow is up 54 points, the Nasdaq is up 15 points and the S&P is up 6 points.
BofA/Merrill to hold a conference 2015 Payments & Card Conference is being held in Scottsdale, AZ on May 18-20.
Futures slightly lower ahead of opening of new week U.S. equity futures are below fair value following a weekend of quiet news flow. The first quarter earnings season is winding down and investors are beginning to look forward to the long Memorial Day weekend. Today’s focus will be on the housing data due out at 10:00am EDT with the release of the NAHB housing market index. Many have expressed concern that the housing rebound will remain muted for the foreseeable future as the Fed gears up to begin raising interest rates.